cheap out verb3 •(informal) To reduce costs on a project or product to an unreasonable degree; to cut corners.That's not the kind of product you want to cheap out on. •(informal) To act cheap; to unreasonably refuse to spend money.I could never marry someone who cheaps out like that. •(informal) To be too stingy to achieve a purpose or provide a promised product/service/project.I was cheaped out of having a good vacation because the hotel's marketing misled me. formscheaped out · cheaping out · cheaps out